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Tag "oil price"

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Oil hits highest level since 2015 as Russian-Saudi output cuts bring result

Oil hits highest level since 2015 as Russian-Saudi output cuts bring result

Brent crude has surpassed $68 per barrel for the first time since May 2015. Oil prices have been buoyed by information that joint production cuts between Russia and Saudi Arabia-led OPEC are working

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Russia keeps with oil price forecasts unchanged despite OPEC deal

Russia keeps with oil price forecasts unchanged despite OPEC deal

On Wednesday, OPEC agreed to an historic production cut of 1.2 mln barrels per day, with Russia to reduce its daily output by 300,000 barrels

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The game of supply and demand

The game of supply and demand

The increase in oil prices in April, the highest increase in a year, is the result of the reduction in availability on an annual basis, which in 2016 will be less than 700,000 barrels per day. All this despite the failure of negotiations in Doha

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